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Forum forex » Forex Forum "Bonus-FX.com" » Forex no deposit free bonus » FOREX: What Is It And How Does It Work? (Exceeding Your Expectation Everyday)
FOREX: What Is It And How Does It Work?
burnspoll12Date: Monday, 23.11.2015, 13:20 | Message # 1
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FOREX — the foreign exchange market or currencymarket or Forex is the market where one currency istraded for another. It is one of the largest markets in the world.
Some of the participants in
this market are simply seeking to exchange a foreign currency fortheir own, like multinational corporations, which must pay wages and other
expenses in different nations than they sell products in. However, a large part
of the market is made up of currency traders, who speculate on movements in
exchange rates, much like others would speculate on movements of stock prices.
Currency traders try to take advantage of even small fluctuations in exchange
rates.
In the foreign exchange market there is little
or no 'inside information'. Exchange rate fluctuations are usually caused by
actual monetary flows as well as anticipations on global macroeconomic
conditions. Significant news is released publicly so, at least in theory,
everyone in the world receives the same news at the same time.
Forex, also known as
foreign exchange or FX, is the simultaneous buying of one currency while
selling another. The forex market is available 24 hours a day, five days a week
and it’s one of the largest, most liquid financial markets in the world. Just
to compare, the New York Stock Exchange makes about $169 billion a day in
volume and the Forex Market makes over $5 trillion a day in volume.
How Does Forex Work?
Forex market, Forex exchange, Forex signal
The Foreign Exchange market, also referred to as the"Forex" is the biggest and largest financial market in the world. It
has a daily average turnover of US$1.9 trillion- just imagine that amount of
money! Don't you want to join this trillion-dollar industry?
Forex is the simultaneous buying of one currency and selling ofanother. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD)
or US Dollar/Japanese Yen (USD/JPY). So basically, Forex is trading.There are two reasons to buy and sell currencies. About 5% ofdaily turnover is from companies and governments that buy or sell products and
services in a foreign country or must convert profits made in foreign currencies
into their domestic currency.

The other 95% is trading for profit, or what you call speculation.Investors frequently trade on information they believe to be superior and
relevant, when in fact it is not and is fully discounted by the market.On one side of each speculative stock trade is a participant whobelieves he has superior information and on the other side is another
participant who believes his information is superior.For speculators, the best trading opportunities are with the mostcommonly traded (and therefore most liquid- meaning its in cash or convertible
to cash) currencies, called "the Majors." Today, more than 85% of all
daily transactions involve trading of the Majors.
The Forex market is considered an Over The Counter (OTC) or 'interbank'market. This is because the transactions are conducted between two counterparts
over the telephone or via an electronic network. Trading is not centralized on
an exchange compared to stocks and futures markets.
Understanding Forex quotes.Reading a Forex quote may seem a bit confusing at first. However,it's really quite simple if you remember two things: 1) The first currency
listed first is the base currency and 2) the value of the base currency is
always 1.
The US dollar is the centerpiece of the Forex market and isnormally considered the 'base' currency for quotes. In the "Majors",
this includes USD/JPY, USD/CHF and USD/CAD. For these currencies and many
others, quotes are expressed as a unit of $1 USD per the second currency quoted
in the pair. For example, a quote of USD/JPY 110.01 means that one U.S. dollar
is equal to 110.01 Japanese yen.
When the U.S. dollar is the base unit and a currency quote goesup, it means the dollar has appreciated in value and the other currency has
weakened. If the USD/JPY quote we previously mentioned increases to 113.01, the
dollar is stronger because it will now buy more yen than before.
The three exceptions to this rule are the British pound (GBP), theAustralian dollar (AUD) and the Euro (EUR). In these cases, you might see a
quote such as GBP/USD 1.7366, meaning that one British pound equals 1.7366 U.S.
dollars.
In these three currency pairs, where the U.S. dollar is not thebase rate, a rising quote means a weakening dollar, as it now takes more U.S.
dollars to equal one pound, euro or Australian dollar.
In other words, if a currency quote goes higher, that increasesthe value of the base currency. A lower quote means the base currency is
weakening.
Currency pairs that do not involve the U.S. dollar are called crosscurrencies, but the premise is the same. For example, a quote of EUR/JPY 127.95
signifies that one Euro is equal to 127.95 Japanese yen.
When trading Forex you will often see a two-sided quote,consisting of a 'bid' and 'offer'. The 'bid' is the price at which you can sell
the base currency (at the same time buying the counter currency). The 'ask' is
the price at which you can buy the base currency (at the same time selling the
counter currency).
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anubavsheikDate: Saturday, 28.11.2015, 20:16 | Message # 2
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Forex is a really grand business and the best ways to work here is with getting educated and bring experience alongside, it is the way we will be able to be successful, but if we lack these things then we will only fail. I have found best way with Nova FX, as they have excellent 200 dollars free welcome bonus, it is really good and helps me trade which automatically shows the right way and allows me to get success without any major difficulty.
 
shieklakhanyDate: Saturday, 28.11.2015, 20:53 | Message # 3
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Forex is a worldwide spread business and the best part about this is that, it is possible to do it anytime in the day due to been 24/5 active, it is something rare with any other work and even Stock Market the closest is far from been opened 24/5, so that’s why Forex is so popular and I must say it is also due to high quality brokers like OctaFX, it is a regulated and multiple award winning company, so due to their top level service, it makes Forex even better.
 
rahimdjlakhanyDate: Tuesday, 08.03.2016, 00:12 | Message # 4
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Forex is a really extra-ordinary business and anyone can do this, it is the reason why I really enjoy when working in Forex, I don’t have to worry over answering others since here I am my own boss. I feel pretty to be a trader, this is what has helped me massively and allowed me to be successful. I am also trading with OctaFX broker and they are very special broker to work with for various reasons, but biggest thing is comfort level, it is simply too good here.
 
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